Page 4 - India Economic Growth

ITC, Emami see uptick in discretionary consumer spend in September quarter

Four months since unlock began, demand for essentials remains robust but the frenzy is dying down

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted

Khadi sales pick up on PM Modi's appeal, 1.9 million masks sold in 5 months

After PM Narendra Modi's promotion of Khadi products in his 'Mann ki Baat' program, masks became the best-selling Khadi product followed by fabric, followed by honey, groceries, and handkerchiefs

Indian economy to dip 10.3% in 2020; rebound with 8.8% growth in 2021: IMF

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday

Crisil projects wider GDP contraction for FY21 at 9%, from 5% earlier

Attributes it to Covid-19 cases and lack of stimulus from govt

We're in the sell on a rise camp due to weak growth outlook: S Mukherjee

Companies have started talking about a revival, but that is inevitable after a hard lockdown, he says

PM Modi holds e-meeting with CMs, says economy showing green shoots

The experience of many states increases the confidence that India can move forward in this crisis of by limiting its losses and can handle its economy faster, PM Modi said

GDP likely to grow at 1.9% if lockdown is lifted in mid-May: India Ratings

Meanwhile, CRISIL has cut estimates of India's FY21 economic growth rate to 1.8% from earlier 3.5%

It is a great time to invest in stocks: Sampath Reddy, Bajaj Allianz Life

There's money to be made in every sector as by and large, each of them will rebound in the future

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

CBDT to link field officers' appraisals, postings with 'Vivad se Vishwas'

'Vivad se Vishwas' scheme for resolving income tax cases was announced during the 2020-21 Budget presentation by Finance Minister Nirmala Sitharaman

Hard path to growth: How the next 6 months look for India's economy

The signals for the economy are not positive: overall demand is yet to pick up; the share of total exports in India's GDP is declining, and industrial output pattern remains worrying

The 2020 vision

Without economic growth, Mr Modi will struggle to fulfil his agenda

India needs to shift its economic model

Well beyond Modinomics or Modipolitics, India seems to be facing a structural challenge of its economic model whose evidences can be seen every day on the ground in the countryside

India's growth to remain muted, likely to stay longer than expected: Report

India's economic growth is expected to remain subdued in near future as the slowdown has deepened and is likely to remain extended for a longer duration than previously anticipated, says a report. According to a Dun & Bradstreet report, a pick-up in the industrial production will only be gradual as investment remains subdued. Moreover, rural sector demand is likely to remain affected by the recent floods and lower agricultural output. Besides, most of the sectors from auto to real estate are under stress and this is reflected in the profit margins of the corporate and revenue collections of the government. "The conundrum of soaring domestic stock market indices in India, slowing growth, rising inflation, and elevated unemployment presents a complex challenge for policymakers to address. The slowdown has deepened and is now expected to remain extended than previously anticipated," said Arun Singh, Chief Economist Dun & Bradstreet India. He further said that to address the ...

India Inc is a pariah, feels govt dislikes criticism: Kiran Mazumdar Shaw

Shaw's remarks came a day after veteran industrialist Rahul Bajaj said the people were afraid to criticise the government.

Real interest rate dynamics: Who can help?

Economists focus on the real rate of interest to guage the impact on growth.

Turning disruption into growth

Concerted actions across all stakeholders could create a unified push for a thriving automotive industry

ADB cuts India's economic growth projection to 6.5% from 7% for FY20

Says a cut in corporation tax rate will boost private investments and global competitiveness